Tuesday, April 16, 2024

mai welcomes luxury furniture importer and distributor “EURO” on Feb 14

Abstract

Euro Creations pcl, an importer and distributor of luxury furniture and home decorations, will be listed on the Market for Alternative Investment (mai) with a market capitalization of THB 3.23 billion (approx. USD 89.87 million). The company plans to use the proceeds from the initial public offering to expand its business and repay loans.


Euro Creations to be Listed on mai on February 14

The Market for Alternative Investment (mai) will begin trading Euro Creations pcl, an importer and distributor of furniture and home decorations from leading luxury brands, under the ticker symbol “EURO” on February 14. The company’s market capitalization at its initial public offering (IPO) is THB 3.23 billion (approx. USD 89.87 million).

About Euro Creations and IPO Details

Euro Creations is the exclusive importer and distributor of 16 luxury brands in Thailand, offering a wide range of furniture, home decorations, and other products. It has a paid-up capital of THB 152.5 million and plans to use the proceeds from the IPO for business expansion, including building three new showrooms and for loan repayment. The company’s major shareholders after the IPO will be the Gambir family (59.54 percent) and the Amornrattanavej family (14.89 percent).

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